Global broker Mariana UFP has selected TORA ’s cloud-based order and execution management system (OEMS) for pairs trading in London, New York and Melbourne.
Pairs trading involves simultaneous buying and selling of multiple securities when the relative prices hit certain thresholds. Trading these security pairs in large sizes requires access to a range of sophisticated algorithms to fit the required trading strategy and a sophisticated OEMS to manage many orders concurrently.
Mariana UFP is a market leader in securities trading and was looking for a technology partner that offers advanced pairs trading tools to help them achieve best execution for their clients. Mariana selected the TORA OEMS because the low latency pairs trading tools offers a broad range of parameters to customise execution and enables traders to manage large numbers of orders simultaneously.
Dan Hawkins, Mariana UFP co-founder and CEO, says: “The TORA OEMS and pairs trading tools came on a strong recommendation. We were looking to upgrade our existing technology to improve execution quality and enhance operational workflow. Many of our strategies revolve around trading opportunities surrounding merger and acquisition situations or corporate action events and the TORA OEMS and their proprietary pairs engine enables us to translate these situations into alpha generators.”
Chris Jenkins (pictured), Managing Director, says: “As always, we’re excited when we can help established global businesses like Mariana UFP streamline their operations. We were pleased to onboard Mariana to the TORA cloud-based OEMS within a few days and are happy to see we were able to add immediate value.”
